Ezion

Ezion: UOB Kay Hian's channel checks point to a) rising demand for Ezion’s liftboats and service rigs as oil companies shift their focus from capex to opex, and b) smooth recontracting for five of Ezion’s rigs whose charter contracts are expiring in 2015. House expects investors to start differentiating stocks as the oil & gas industry adjusts to lower oil prices. Ezion remains one of its stock picks in the oilfield services sector. UOB Kay Hian maintains BUY but lower TP from $2.00 to $1.55.